cap gains deduction

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  1. premarajan

    premarajan New Member

    invested in REC bonds but after 6 months after transffer but before due date of filing return that is 30th september. am i eligible for deuctions in this case


    Dear PremRanjan,

    As per Section 54 EC, Capital Gain amount need to be invested in bonds with in 6 months from the date of transfer with maximum liimit of 50 lakhs.

    As you mentioned you have invested after 6 months so you would not be eligible for deduction under section 54 EC
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